CollegeofPips

GBP/USD Might Be Smashed By Sellers πŸ”¨

Short
OANDA:GBPUSD   British Pound / U.S. Dollar

πŸ“‰ GBP/USD | Potential Downward Movement

πŸ’‘ Sell Limit Order @ 1.34373

🎯 Target Profit 1.33556

πŸ›‘ Stop Loss 1.34779

❌ Do not risk more than 1% of your account on each trade


Description:
The price found bears around the 50% Fibonacci retracement level where it could lead to a breakout of the bullish channel to the downside. A higher correction could be posted before a new bearish impulsive wave toward the target profit.
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